CEMB Crosses Critical Technical Indicator
February 04, 2013 at 13:10 PM EST
In trading on Monday, shares of the iShares Emerging Markets Corporate Bond Fund ETF (CEMB) entered into oversold territory, changing hands as low as $52.86 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100.